Legal information
You are connected to the website of
BLI - Banque de Luxembourg Investments
16, boulevard Royal
L-2449 Luxembourg
a public limited company under Luxembourg law listed in the Luxembourg Trade and Companies Register (registration no. B 80479)
Social security registration no.: 2001 2201 673, VAT registration no: LU 187 161 83, BIC (Bank Identifier Code): BLUXLULL
Code LEI : 2221001T21S5REVBLB93
Authorised by the Commission de Surveillance du Secteur Financier
283, route d'Arlon L-1150 Luxembourg
Phone: (+352) 26 25 1 - 1 (central)
Fax: (+352) 26 25 1 - 26 01
www.cssf.lu
(hereinafter the "CSSF") as a management company in accordance with the provisions of chapter 15 of the Luxembourg law of 17 December 2010 on undertakings for collective investment as amended under number S00000645 and as an alternative investment fund manager in accordance with the provisions of the Luxembourg law of 12 July 2013 relating to alternative investment fund managers as amended under the number A00002904.
Content manager: BLI - Banque de Luxembourg Investments
Webhost: Banque de Luxembourg
Purpose of the website
The aim of this website is to present BLI - Banque de Luxembourg Investments and its activities. It should not be considered as constituting a permanent establishment or effective cross-border provision of services outside the Grand Duchy of Luxembourg.
Access and use of the website
Any person in any jurisdiction whose nationality, country of residence or other reason prevents them from accessing the websites of foreign management companies must refrain from consulting this website. BLI - Banque de Luxembourg Investments declines all responsibility for such persons and invites all users to check prior to using the website that no regulations prevent or restrict them from using the site that BLI - Banque de Luxembourg Investments has put at their disposal.
This website is an information site intended for institutional investors, who may or may not be clients of BLI - Banque de Luxembourg Investments. The services presented on this website are however strictly reserved for clients of BLI - Banque de Luxembourg Investments.
Users are reminded that secrecy with regard to communication over the internet is not guaranteed and that they must take appropriate steps to ensure that their data and/or software are protected from eventual viruses. Users use the site at their own risk.
BLI - Banque de Luxembourg Investments will use all reasonable efforts to keep this website operational at all times. However, BLI - Banque de Luxembourg Investments cannot guarantee that this website and all of its features will be permanently available.
Access to this website is deemed to have taken place directly at the registered office of BLI - Banque de Luxembourg Investments on the date and at the time indicated on the BLI - Banque de Luxembourg Investments server, the connections log serving as proof thereof.
Applicable law and competent jurisdictions
This website and all relations and transactions made possible by it are governed by Luxembourg law, in particular the law of 14 August 2000 on electronic commerce. By visiting the site, non-Luxembourg residents formally accept the full application of Luxembourg law, without reservation. The content of the website is in accordance with the recommendations of the CSSF study "Les services financiers par Internet" (Financial Services Provision on the Internet) published in December 2001. BLI - Banque de Luxembourg Investments undertakes to comply with Luxembourg laws and regulations applicable to the use of a website.
All disputes arising out of or in connection with this site shall be submitted to the exclusive jurisdiction of the Luxembourg court having jurisdiction over the registered office of BLI – Banque de Luxembourg Investments. Complaints may be sent to BLI - Banque de Luxembourg Investments, at the address shown in the section below, “Not happy with our services?”
Website content
The information published on this website shall be considered as "commercial communication" within the meaning of the law of 14 August 2000 on electronic commerce.
To the extent that it meets the relevant criteria, such information may also qualify as marketing communications within the meaning of Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings.
This website contains information made available by external companies or hypertext links to other sites that have not been developed by BLI - Banque de Luxembourg Investments. The existence of links from BLI - Banque de Luxembourg Investments' website to another website shall not constitute an approval, nor shall they serve as guarantee of the content or the ownership of this other website.
The economic, financial and non-financial information published on the website are for information purposes only based on information known on the day of its publication; under no circumstances shall it constitute an investment advice, an invitation to invest in a financial product or legal or tax advice.
BLI - Banque de Luxembourg Investments cannot guarantee the accuracy and /or timeliness of such information.
Any potential investor in a financial product presented on this website should be aware that:
- investment in financial product entails specific risks, which are detailed in the financial product’s legal and regulatory documents
- past performance of a financial product is no guarantee of its future performance and the value of this financial product and the income derived from it may rise or fall and investors may not recover their initial investment.
- any performance data presented on this website does not take into account any commissions, fees or taxes incurred in connection with the subscription or redemption of units in the financial product.
Individuals intending to invest in a financial product presented on this website must therefore ensure that such investment is suitable for their personal situation and, if needed or in doubt, seek independent advice. They must also consider the characteristics and objectives of the financial product, in particular where reference is made to sustainability-related aspects in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector.
Finally, this investment may only be made on the basis of the issue document, the Key Information Document and the most recent annual report or semi-annual report of the financial product, in each case in the version in force at the time the investment decision is made, available free of charge upon request
by post to BLI - Banque de Luxembourg Investments, 16, boulevard Royal, L-2449 Luxembourg
by e-mail to info@bli.lu.
BLI can also indicate the languages in which each document is available.
BLI - Banque de Luxembourg Investments reserves the right to change the content of the site or restrict its access, whenever such actions are deemed suitable.
Hypertext links
Hypertext links may be set up with the current website subject to the express prior agreement of BLI - Banque de Luxembourg Investments. The hypertext links provided on the website are provided for information and convenience purposes only.
BLI - Banque de Luxembourg Investments shall not be liable for hypertext links to other websites accessed from this website nor shall it be liable for the content of such websites.
Summary of Investor's rights
Personal data
Cookies
Copyright
All material appearing on the pages of this site is the intellectual property of BLI - Banque de Luxembourg Investments.
Any reproduction or representation, in whole or in part, of the pages, data and any other component of the website, by whatever process or tool, without the express prior permission of BLI - Banque de Luxembourg Investments constitutes an infringement of copyright and is strictly prohibited.
Phishing
BLI - Banque de Luxembourg Investments will never contact clients by email to ask them to click on a hypertext link or to obtain confidential data (such as account numbers, access codes or bank card details).
BLI - Banque de Luxembourg Investments cannot be held liable if a client is subject to a phishing attack following which confidential information relating to their bank accounts, such as bank account numbers, access codes, or bank cards, is disclosed.
The client must exercise extreme caution with regard to emails from third parties masquerading as BLI - Banque de Luxembourg Investments, which may contain hypertext links or a request for confidential information (such as account numbers, access codes or bank card details). Under no circumstances can BLI - Banque de Luxembourg Investments be held responsible for losses incurred in this way by the client.
Fees
Access to the website is free with the exception of the costs of internet access (internet providers and telephone communication), which are billed directly to the client by the operator.
Best Execution Policy
Conflict of Interest Policy
Voting Policy
BLI - Banque de Luxembourg Investments has put in place an appropriate and effective strategy to determine when and how the voting rights associated with the securities held by the funds it manages are exercised for the sole benefit of the funds and its investors.
Details of measures taken based on the voting rights policy are available free of charge for investors and on request:
by e-mail to info@bli.lu,
by post to: BLI - Banque de Luxembourg Investments 16, boulevard Royal L-2449 Luxembourg
Remuneration policy
The remuneration policy of BLI - Banque de Luxembourg Investments is aligned with that in force within its parent company, Banque de Luxembourg. This policy complies with the regulatory provisions and the values with which BLI - Banque de Luxembourg Investments is identified in the long term.
BLI - Banque de Luxembourg Investments respects an appropriate balance between the fixed and variable components of its employees' total remuneration. The fixed component represents a sufficiently major proportion of the total remuneration so that the policy can be exercised with complete freedom regarding the variable components, especially the option not to pay any variable component. BLI - Banque de Luxembourg Investments reserves the right to revoke any variable remuneration award if it is found to have been granted under conditions of misconduct. In such cases, BLI - Banque de Luxembourg Investments may demand the reimbursement of all or part of the amount allocated, up to three years after its payment.
The development of employees' remuneration is based on their accumulated experience and the assumption of new responsibilities, but also to an annual assessment of each employee by the management. It is based on qualitative rather than quantitative criteria. Where quantitative criteria are taken into account, they are expressed and assessed more in relation to the achievement of collective targets. In no case is the amount of the bonus correlated with the financial performance of an employee.
In accordance with Article 5 of the Regulation (EU) 2019/2088 of the European Parliament and the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector, the remuneration policy of BLI - Banque de Luxembourg Investments includes consideration of sustainability risks.
In concrete terms, BLI - Banque de Luxembourg Investments considers that the transition to a balanced and sustainable economy is an integral part of its objectives and that each employee has an active role to play. As sustainability factors are integrated in the qualitative assessment criteria of the remuneration in the same way as the other relevant criteria, each employee actively participates in the achievement of BLI - Banque de Luxembourg Investments' sustainability objectives.
Details of the updated remuneration policy, including in particular a description of how remuneration and benefits are calculated, the identity of the persons responsible for awarding remuneration and benefits, the composition of the remuneration committee and the integration of sustainability factors, are available free of charge upon request by investors:
by e-mail to the address: info@bli.lu
by mail to the following address:
BLI - Banque de Luxembourg Investments 16, boulevard Royal L-2449 Luxembourg
Not happy with our services? Contact us
We pay particular importance to our clients' satisfaction and the protection of their interests.
In this regard, we have established a quick and simple procedure to enable you to make a complaint to our company.
Complaints may be made in English, French, German or Luxembourgish:
by email to complaints@bli.lu,
by post to BLI - Banque de Luxembourg Investments Head of Complaints Handling 16, boulevard Royal L-2449 Luxembourg
The reasons for the complaint must be stated and the following documents submitted:
- a detailed chronological summary of the facts leading to the complaint;
- a declaration stating that you have not instituted court proceedings or appointed an arbitrator or other out-of-court complaints body in Luxembourg or elsewhere;
- if someone is acting on your behalf, a document confirming their power to represent you;
- a copy of your current passport or identity card and, where applicable, that of your representative;
- a document proving that you are a shareholder (or former shareholder) and details of the position that you hold or held.
We will send you an acknowledgement of receipt within 10 business days of receiving your complaint.
We will provide an appropriate response to your complaint within one month of receipt of your complaint, except in exceptional valid circumstances.
If you consider you have not received a satisfactory response, you have the right to submit your complaint to the CSSF by mail to the following address: Commission de Surveillance du Secteur Financier L-2991 Luxembourg
by fax to the number: (+352) 26 25 1 2601
by e-mail to the address: direction@cssf.lu
by using the complaint form available on its website https://www.cssf.lu
Engagement policy
In its capacity as an asset manager within the meaning of Directive 2017/828 of the European Parliament and of the Council of 17 May 2017, and in accordance with said directive, BLI - Banque de Luxembourg Investments has published an Engagement policy on its website describing the way in which it incorporates shareholder engagement into its investment strategy, which will be reviewed and updated as necessary. Information on the implementation of the engagement policy will be published at the end of the year in the form of a report for the period from the first of January of this year.
Whistleblowing system
The whistle-blowing system (hereinafter “the System”) is not intended to handle commercial complaints, which are dealt with under a separate process in accordance with the applicable regulations.
The System, which can be accessed from this page, allows you to report any irregularities that might cause the whistleblower to question whether legal and regulatory obligations, professional standards and the internal procedures arising therefrom within the relevant entity have been complied with, and to which, where applicable, the whistleblower does not consider that a satisfactory response has been provided.
Such reports can cover all areas: banking; finance; accounting; anti-bribery and corruption; protection against unfair competition; market abuse; environmental protection; human rights and freedoms; health, hygiene and safety, etc.
Depending on the subject, reports are handled confidentially by Human Resources or Compliance Contacts, in accordance with the regulations in force.
Whistleblowers are protected against the risk of reprisals by the local applicable legislation.
Anyone who misuses the System may be subject to penalties or prosecution. However, if the System is employed in good faith, the whistleblower will not risk any disciplinary measures, even if the facts subsequently prove inaccurate or do not give rise to any further action.
I hereby acknowledge that I have read and understood the information on BLI - Banque de Luxembourg Investments’ System and the protection of personal data.
How to make a report
Reports can be made confidentially via one of the following channels:
By email:
You can send us the form provided, marking it "strictly confidential" in the subject line:
dispositif.alerte@bli.lu
By post:
You can send us the form provided by post, marking the envelope "strictly confidential”, to the following address:
Compliance - Whistle-Blowing System (strictly confidential)
Compliance Department
BLI - Banque de Luxembourg Investments – 16 Boulevard Royal L-2449 Luxembourg